Services Finance

Services Finance

Services Finance is a lease contract (Ijara), where the bank (the Lessor) leases to a customer (the Lessee) a specific service, such as education, medical and travel for a specific period of time with specific regular installments.

  • We lease you the service you require as a forward Ijara, for education, marriage, Hajj and Omrah, medical, or travel expenses, within a time period and with regular instalments. This can be provided by the bank or through a service provider such as universities, hospitals, and travel companies, with a signed parallel lease contract that states your required service, time period, and agreed rental.


    • Finance duration is up to (7) seven years,
    • Salary transfer is mandatory,
    • Maximum financed amount is BD30,000/- per single transaction, and with total consumer finance exposure of BD100,000/- per each customer,
    • Minimum age is 21 years,
    • Maximum age for male is 60 years, and for female is 55 years.


  • Applying for a Finance is easy. If you’re 21 years old or above, all you need to do is complete the application form below and either submit it online or bring it to any Al Baraka branch, along with the required documents.

    Required Documents

    • Two valid ID’s (Valid residence permit for expatriates)
    • Latest Pay Slip / Salary Certificate
    • Bank statement for the last 3 months (6 months for self-employed Individuals)
    • Valid Commercial Registration for self-employed Individuals

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